Users download the mobile loan app and sign up using their mobile number and basic details.
Applicants verify their identity through a simple digital KYC process using PAN and Aadhaar cards, along with selfie verification.
Users select the loan amount and repayment term that suits their needs. Loan limits and eligibility are based on creditworthiness and income details.
The NBFC lender reviews the application. This includes checking credit score, employment information, and repayment ability.
Once approved, the loan amount is directly transferred to the user’s bank account — usually within minutes.
Users repay the loan via the app using UPI, debit card, or net banking. Timely repayment helps build a positive credit history.
All fees, interest rates, and repayment schedules are clearly displayed before the user confirms the loan. No hidden charges.
